Economics UPSC PYQ 2018

Which one of the following best describes the term “Merchant Discount Rate” sometimes seen in news ?

With reference to the governance of public sector banking in India, consider the following statements: 1. Capital infusion into public sector banks by the Government of India has steadily increased in the last decade. 2. To put the public sector banks in order, the merger of associate banks with the parent State Bank of India has been affected. Which of the statements given above is/are correct?

With reference to India's decision to levy an equalization tax of 6% on online advertisement services offered by non-resident entities, which of the following statements is/are correct? 1. It is introduced as a part of the Income Tax Act. 2. Non-resident entities that offer advertisement services in India can claim a tax credit in their home country under the 'Double Taxation Avoidance Agreements'. Select the correct answer using the code given below:

"Access to affordable, reliable, sustainable and modern energy is the sine qua non to achieve Sustainable Development Goals (SDGs)." Comment on the progress made in India in this regard. <!--qid:MAINS_2018_GS-III_Q1-->

Assess the role of National Horticulture Mission (NHM) in boosting the production, productivity and income of horticulture farms. How far has it succeeded in increasing the income of farmers? <!--qid:MAINS_2018_GS-III_Q13-->

Sikkim is the first 'Organic State' in India. What are the ecological and economical benefits of Organic State? <!--qid:MAINS_2018_GS-III_Q8-->

What is wetland? Explain the Ramsar concept of ‘wise use’ in the context of wetland conservation. Cite two examples of Ramsar sites from India. <!--qid:MAINS_2018_GS-III_Q7-->

Consider the following statements: 1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account-holders fail to repay dues. 2. CAR is decided by each individual bank. Which of the statements given above is/are correct?

As per the NSSO 70th Round “Situation Assessment Survey of Agricultural Households”, consider the following statements: 1. Rajasthan has the highest percentage share of agricultural households among its rural households. 2. Out of the total agricultural households in the country, a little over 60 percent belong to OBCs. 3. In Kerala, a little over 60 percent of agricultural households reported to have received maximum income from sources other than agricultural activities. Which of the statements given above is/are correct?

Increase in absolute and per capita real GNP do not connote a higher level of economic development, if

Despite being a high saving economy, capital formation may not result in significant increase in output due to

Examine the role of supermarkets in supply chain management of fruits, vegetables and food items. How do they eliminate number of intermediaries? <!--qid:MAINS_2018_GS-III_Q4-->

If a commodity is provided free to the public by the Government, then

How would the recent phenomena of protectionism and currency manipulations in world trade affect macroeconomic stability of India? <!--qid:MAINS_2018_GS-III_Q12-->

International Labour Organization’s Conventions 138 and 182 are related to

How are the principles followed by the NITI Aayog different from those followed by the erstwhile Planning Commission in India? <!--qid:MAINS_2018_GS-III_Q11-->

How has the emphasis on certain crops brought about changes in cropping patterns in recent past? Elaborate the emphasis on millets production and consumption. <!--qid:MAINS_2018_GS-III_Q14-->

What do you mean by Minimum Support Price (MSP)? How will MSP rescue the farmers from the low income trap? <!--qid:MAINS_2018_GS-III_Q3-->

Consider the following countries: 1. Australia 2. Canada 3. China 4. India 5. Japan 6. USA Which of the above are among the 'free-trade partners' of ASEAN?

Consider the following: 1. Areca nut 2. Barley 3. Coffee 4. Finger millet 5. Groundnut 6. Sesamum 7. Turmeric The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above?

With growing energy needs should India keep on expanding its nuclear energy programme? Discuss the facts and fears associated with nuclear energy. <!--qid:MAINS_2018_GS-III_Q16-->

Consider the following statements: 1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities. 2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments. 3. Treasury bills offer are issued at a discount from the par value. Which of the statements given above is/are correct?

Consider the following statements: 1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years. 2. The Government does not impose any customs duty on all the imported edible oils as a special case. Which of the statements given above is/are correct?

Consider the following statements: 1. The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for the State Governments. 2. The Central Government has domestic liabilities of 21% of GDP as compared to that of 49% of GDP of the State Governments. 3. As per the Constitution of India, it is mandatory for a State to take the Central Government’s consent for raising any loan if the former owes any outstanding liabilities to the latter. Which of the statements given above is/are correct?

With reference to the provisions made under the National Food Security Act, 2013, consider the following statements: 1. The families coming under the category of 'below poverty line (BPL)' only are eligible to receive subsidised food grains. 2. The eldest woman in a household, of age 18 years or above, shall be the head of the household for the purpose of issuance of a ration card. 3. Pregnant women and lactating mothers are entitled to a 'take-home ration' of 1600 calories per day during pregnancy and for six months thereafter. Which of the statements given above is/are correct?

Comment on the important changes introduced in respect of the Long-term Capital Gains Tax (LCGT) and Dividend Distribution Tax (DDT) in the Union Budget for 2018-2019. <!--qid:MAINS_2018_GS-III_Q2-->

Consider the following statements: Human capital formation as a concept is better explained in terms of a process which enables 1. Individuals of a country to accumulate more capital. 2. Increasing the knowledge, skill levels and capacities of the people of the country. 3. Accumulation of tangible wealth. 4. Accumulation of intangible wealth. Which of the statements given above is/are correct?

India enacted The Geographical Indications of Goods (Registration and Protection) Act, 1999 in order to comply with the obligations to

Which one of the following links all the ATMs in India ?

Consider the following items: 1. Cereal grains hulled 2. Chicken eggs cooked 3. Fish processed and canned 4. Newspapers containing advertising material Which of the above items is/are exempted under GST (Goods and Services Tax)?